Brokerages Set Roblox Co. (NYSE:RBLX) Price Target at $64.50

Shares of Roblox Co. (NYSE:RBLX - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twenty-six brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, seventeen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $64.50.

Several analysts have issued reports on the company. The Goldman Sachs Group upped their price objective on Roblox from $55.00 to $63.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Wedbush restated an "outperform" rating and issued a $83.00 price target on shares of Roblox in a research note on Thursday, April 24th. Barclays reduced their price objective on shares of Roblox from $50.00 to $46.00 and set an "equal weight" rating for the company in a research report on Friday, February 7th. Macquarie increased their price objective on shares of Roblox from $71.00 to $76.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Finally, FBN Securities assumed coverage on shares of Roblox in a report on Friday, March 28th. They set a "sector perform" rating and a $65.00 target price for the company.

Insider Transactions at Roblox

In related news, CEO David Baszucki sold 138,555 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $71.62, for a total value of $9,923,309.10. Following the completion of the sale, the chief executive officer now directly owns 129,301 shares in the company, valued at $9,260,537.62. This represents a 51.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Amy Marie Rawlings sold 4,468 shares of Roblox stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $61.34, for a total value of $274,067.12. Following the completion of the transaction, the chief accounting officer now directly owns 75,583 shares in the company, valued at approximately $4,636,261.22. This represents a 5.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 902,954 shares of company stock worth $55,354,971. Corporate insiders own 22.15% of the company's stock.

Institutional Investors Weigh In On Roblox

Several large investors have recently modified their holdings of RBLX. MetLife Investment Management LLC increased its stake in shares of Roblox by 0.5% in the 4th quarter. MetLife Investment Management LLC now owns 32,374 shares of the company's stock valued at $1,873,000 after acquiring an additional 161 shares in the last quarter. Rakuten Securities Inc. lifted its stake in Roblox by 25.6% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after acquiring an additional 195 shares in the last quarter. Simon Quick Advisors LLC grew its stake in shares of Roblox by 4.6% in the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company's stock worth $284,000 after acquiring an additional 217 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after purchasing an additional 230 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company's stock valued at $30,000 after purchasing an additional 239 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Roblox Stock Down 0.0 %

Shares of NYSE RBLX traded down $0.03 during trading hours on Friday, hitting $66.40. The company had a trading volume of 8,246,189 shares, compared to its average volume of 7,865,895. The stock has a market capitalization of $41.73 billion, a P/E ratio of -45.79 and a beta of 1.49. Roblox has a 1-year low of $29.55 and a 1-year high of $75.74. The firm's 50 day moving average is $59.11 and its 200-day moving average is $57.83. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating analysts' consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. On average, analysts expect that Roblox will post -1.49 earnings per share for the current fiscal year.

Roblox Company Profile

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.